Question

Rakesh borrows 120000 out of which 68000 at 8% per annum and remaining at 9.5 % per annum find the total interest paid by him in 7.2 years​

Answer 1

firtly for 68000total interest:-

(68000*8/100)*7.2=39,168

now for 120000-68000=52000:-

(52000*9.5/100)*7.2=35,568

total interest=39,168+35,568=74,736